Aspen Technology [NASDAQ: AZPN]: Operational Excellence, Delivered

Antonio Pietri, President & CEO

Today, there is an uncomfortable struggle amongst the petroleum companies to streamline their supply chain activities in an attempt to increase profitability and drive efficiency across the entire refinery. To enhance the refinery planning, decision-makers need to harbor on robust planning solutions which can be delivered quickly. With the increasing volatility in price, firms need to scrutinize different aspects of their solution for proper allocation of resources enhancing profitability in their refinery plans even at higher prices. To deliver a comprehensive solution, Aspen Technology [NASDAQ: AZPN]—a Bedford, MA based software company provides software solutions for process manufacturers to optimize manufacturing capabilities of process industries that includes oil and gas, petroleum and other products which are got from chemical process.

The firm’s innovative skills reflect in their solution for petroleum supply chain planning. AspenONE Petroleum supply chain software helps clients to streamline their refinery operations with improved cost margins. With the help of this module, clients can optimize the supply chain with the help of scheduling and integrated refinery planning in a single platform. By utilizing aspenONE petroleum supply chain suite, process manufacturers can also respond to disruptions, improve feedstock, and enhance inventory along with transportation assets. The aspenONE Petroleum supply chain software suite with its three software—Aspen PIMS Family, Aspen Petroleum Scheduler, and Aspen Refinery Multi-Blend Optimizer enables clients to analyze multiple scenarios with easy visual tools.

With aspenONE PIMS Platinum, clients can work on the refinery planning and scheduling in the same environment, which aligns planning and operations, to improve agility. Along with such benefits PIMS Platinum of the PIMS family can also be accessed from any web-enabled device without installing any client software.

Innovation is at the core of what we do in the company; it’s in our DNA and it is what people are about

Another software of the PIMS family is the PIMS AO, the software with its parallel processor planners creates small case sets, which makes the planner aware of any disruptions. In reality it is not feasible for a company to operate at the optimum position as planned, by utilizing the software’s non-linear modeling, clients can analyze their drop from the optimal arrangement and provide solutions accordingly. The Aspen Refinery Multi-Blend Optimizer of Aspen technology optimizes blend schedules which help clients to receive information regarding component receipt volumes along with product shipments. It also helps to accommodate tank constraints, correlations, recipe constraints, and discrete volume which help to increase profitability.

The firm’s aspenOne supply chain software was used by Shell, a global group of energy and petrochemical companies to drive profitability and reduce cost. Initially the client faced issues with operating a large number of refineries independently. The actions of one refinery had adversely affected another in the same region. With such siloed operations the firm was incurring higher costs. By leveraging aspenONE supply chain software, Shell was able to simplify and standardize the business operations which helped to retain the firm’s leadership in the fuel Retailing and Marketing industry.

“Innovation is at the core of what we do in the company; it’s in our DNA and it is what people are about,” says Antonio Pietri, President and CEO of Aspen Technology. The company also has strong ties with Integration Foundation and is associated with multiple third-party software like TIBCO, Informatica Technologies, and Microsoft Web Services.

Forging ahead, the firm plans to focus on its goal to optimize their manufacturing capabilities and deliver heightened business productivity and value to clients. Aspen Technology also plans to integrate more features and streamline their software to offer seamless solutions in process manufacturing.